Chinese police have seized over $4.2 billion in crypto assets over the PlusToken Ponzi scheme as per The Block blog post. The PlusToken, a South Korean crypto exchange, and wallet provider. Moreover, the Ponzi scheme first released its white in February 2018. It promised users attractive payouts capable of generating
An unnamed user of Uniswap lost $20,000 through a fake app. The fake app contains over 100 downloads. There is currently over $1.3 billion in total value locked into Uniswap. An unnamed user of Uniswap lost $20,000 after adding the backup key phrase on a fraudulent Uniswap mobile application
TETHER When there is no stability on coins value and it is volatile, users will be confused about buying goods and services in fear of losing coins value. Though the cryptocurrencies like Bitcoin and Ethereum have been used more for transactions like online payments, they are not reliable using it
After Bitcoin’s success, blockchain technology was growing enormously. Developers found that Bitcoin‘s benefit was very narrow and limited to only one purpose(money). Bitcoin has failed to impact the tech and financial services, because of the limited functionalities. In order to overcome these limitations, developers thought of creating a blockchain-based platform
Key Takeaways: Ripple’s Chief Technology Officer lost over $300,000. Ripple CTO’s risk-avoiding decision. Schwartz sold 40,000 Ethereum at $1 each. He also sold Bitcoin at $750 and Ripple at $.10 per crypto. Ripple’s Chief Technology Officer (CTO) David Schwartz lost more than $300,000 in investing over altcoins. Ripple CTO Lost
Financial Guru Max Keiser says that Bitcoin is projected to reach $400,000 (approx. £303,862) in case Joe Biden, a Democratic presidential challenger wins the US Presidential election. The US Presidential election is a trending topic right now around the world. While the US is getting ready for the election results,
The decentralized finance (DeFi) tokens has ended its market hype as Bitcoin (BTC) maintains its bullish price. Correlation between Bitcoins and DeFi tokens The DeFi market is one of the most popular ecosystems in the crypto world. It has caught the attention of many investors in the crypto world. However
An Italian airport staff member took advantage of his workplace computer systems illegal mining of Ethereum (ETH). According to Rai News report, a man who was in charge of managing the computer system at Lamezia Terme International Airport in the southwest region of Calabria was caught illegally mining Ethereum (ETH).
Stax, an Australian crypto-friendly capital raising platform announced that West Coast Aquaculture (WCA) will conduct its first Initial Public Offering (IPO). WCA is a company that operates an aquaculture farm in Australia. It will allow investors to participate in its IPO purchase equity using the cryptocurrency Tether (USDT) or Australian
Bitcoin (BTC) price surges above $13,000 for the first time in over two years following positive news on the leading crypto over the week. BTC was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based platform. BTC reached above $13,000 in January 2018, six weeks after it
